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Question 4 2 pts What happens to the accounting equation when the adjustment that recognizes accrued interest revenue is recorded? O Assets increase and liabilities
Question 4 2 pts What happens to the accounting equation when the adjustment that recognizes accrued interest revenue is recorded? O Assets increase and liabilities increase. Assets increase and stockholders' equity increases. Assets decrease and liabilities decrease. O Stockholders' equity increases and decreases by the same amount. Question 5 2 pts What effect does recognizing revenue at the end of the accounting period for rent previously received in advance" have on the accounting equation for an insurance company? Stockholders' equity increases and liabilities increase. Assets increase and stockholders' equity increases. O Assets decrease and liabilities decrease. o Liabilities decrease and stockholders' equity increases
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